Premier Quality Starch PCL (BKK:PQS) ROCE % : 7.33% (As of Sep. 2023)

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What is Premier Quality Starch PCL ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Premier Quality Starch PCL's annualized ROCE % for the quarter that ended in Sep. 2023 was 7.33%.

Premier Quality Starch PCL ROCE % Historical Data

The historical data trend for Premier Quality Starch PCL's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Premier Quality Starch PCL ROCE % Chart

Premier Quality Starch PCL Annual Data

Trend

Dec20

Dec21

ROCE %

15.82

36.99

Premier Quality Starch PCL Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial			-	-	11.31	-6.09	7.33

Premier Quality Starch PCL ROCE % Calculation

Premier Quality Starch PCL's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	341.88	/	( ( (1358.869 - 717.536)	+	(1559.998 - 352.753) )	/ 2 )
	=	341.88	/	( (641.333	+	1207.245)	/ 2 )
	=	341.88	/	924.289
	=	36.99 %

Premier Quality Starch PCL's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	156.156	/	( ( (2214.523 - 90.788)	+	(2263.63 - 124.592) )	/ 2 )
	=	156.156	/	( ( 2123.735	+	2139.038 )	/ 2 )
	=	156.156	/	2131.3865
	=	7.33 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Premier Quality Starch PCL (BKK:PQS) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Premier Quality Starch PCL ROCE % Related Terms

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Premier Quality Starch PCL (BKK:PQS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Premier Quality Starch PCL (BKK:PQS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

185 Moo 14, Kham Pa Lai, Mueang Mukdahan, Mukdahan, THA, 49000

Website

https://www.pqstarch.com

Premier Quality Starch PCL is engaged in the manufacturing and distribution of native starch, modified starch, and all kind of processed starch. The company is also engaged in The production and distribution of electricity generated from biogas and rooftop solar power. The majority of revenue is derived from the Production and distribution of tapioca starch.

Premier Quality Starch PCL (BKK:PQS) Headlines

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